This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
The PenFed Power Cash Rewards Visa Signature Card has an offer for $100 bonus cash when you spend $1,500 within the first 90 days (ways to meet this spending requirement). Although not the best welcome offer out there, it’s a solid one considering the card doesn’t cost anything to carry. For more no-annual-fee credit card offers, see our list.
Power Cash Rewards offers a decent baseline rate of 1.5% cash back on all purchases. If you qualify for its bonus rate, the card goes from good to excellent. Find out how to get the higher 2% cash back rate on all spending below.
But if you’re not associated with the military, or you want a simple application process, this PenFed credit card will be a good fit.